Ep. 38: Charlie Munger’s Timeless Investing Principles (Part 1)

In this first part of our conversation, Matt DiMauro and Will Diesel discuss key investing principles inspired by Charlie Munger, focusing on allocation, patience, and decisiveness. They explore how emotional intelligence shapes investment decisions and the importance of being prepared when opportunities arise. The discussion also highlights the need for personal responsibility in financial management and the value of continuous learning and self-improvement.

Whether you’re a seasoned investor or just starting your financial journey, Part 1 offers timeless lessons you can apply beyond the markets. From the power of patience and opportunity costs to the discipline of avoiding big mistakes, Matt and Will share practical insights that lay the foundation for smarter investing and better decision-making in life.

0:00 - Introduction & Personal Check-in  
5:08 - Investing Principles of Charlie Munger  
6:00 - Allocation & Emotional Attachment  
12:00 - Diversification vs. Concentration  
14:00 - Dollar-Cost Averaging & Peace of Mind  
16:00 - Responsibility & Not Abdicating Finances  
20:00 - Time Allocation & Self-Education  
22:00 - Ray Dalio’s Rule & Compounding  
24:38 - Decisiveness in Investment Opportunities  
30:00 - Nomad Fund Example & Concentrated Bets  
32:00 - Independence, Trusting Your Work & Closing  
33:00 - Quote of the Day & Sign-off 

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